Gaming giant Stanley Ho passed away at the grand age of 98 on May 26th, leaving behind a legacy forged during an era of change for Macau – and analysts say he was the architect for much of that change.
University of Macau gaming law expert researcher, Jorge Godinho, told Macau News Agency: “In 1970 the Hotel-Casino Lisboa opened and, as they say, the rest is history. The Macau Government always had in Stanley Ho and STDM and SJM a concessionaire that responded to all the challenges it faced. Stanley Ho was at the center of the transformation of Macau into a modern and very developed city.”
Professor Ricardo Chi Sen Siu, Associate Professor at the University of Macau Faculty of Business Administration, added: “His long-vision and entrepreneurship from the development of the Hotel Lisboa and the incorporation of Shun Tak Shipping Co. in the 1970s to the numerous social and economic contributions for the modern development of Macao in the last few decades are definitely a priceless treasure to the Macao community. Without his efforts at the outset, we may not have seen the prosperity of Macau today.”
Read the full Macau News Agency and Macau Business coverage of Mr Ho’s passing here.
Image: romas_ph/Adobe Stock
